SoftBank backs Kony’s latest funding round


SONY DSCMulti-channel app platform Kony Solutions has raised $50m in a funding round led by new backer SoftBank Capital.

Insight Venture Partners, Telstra Ventures, Georgian Partners, Delta-V and Hamilton Lane participated in the round, which came a year after Kony raised $18.3m in Series D capital from Australian mobile phone giant Telstra Corporation.

Kony provides a suite of customisable pre-built apps and a mobile management service and currently has hundreds of enterprise customers and 20m daily users.

Insight managing director Peter Sobiloff said, “As an early investor in Kony, we have had the privilege to witness first-hand the impact and value Kony is delivering for many of the world’s leading brands.

“With the combination of a rapidly growing market, Kony’s industry acclaimed offerings, and a new team of proven and seasoned executives, we believe the best is yet to come.”

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